Fees and Charges > Trade Product and Services

Import Documentary Credit : Letter of Credit-i (LC-i)

 
Onshore

Subject

Charges

Rate / Amount
1.   Sight LC Commission 0.1% of LC amount in RM equivalent per month or part thereof

Min RM50.00
2.   Usance LC (LC and EzLC) Commission 0.1% of LC amount in RM equivalent per month or part thereof

Min RM50.00
In addition, the acceptance commission of 0.1% per month will be charged from the acceptance date till maturity date
3.   Amendment
a. Amount increased Commission 0.1% of the increased amount in RM equivalent per month or part thereof from the date of amendment until expiry date

Min RM50.00
b. Extension of expiry date Commission 0.1% of LC amount in RM equivalent per month or part thereof from extension date until new expiry date

Min: RM50.00
c. Amount increase and extension of expiry date Commission 0.1% of the outstanding LC amount plus increased amount (new amount) in RM equivalent per month or part thereof from the extension date until new expiry date

Min: RM50.00
d. Amount decrease and extension of expiry date Commission 0.1% of LC amount in RM equivalent per month or part thereof from the extension date to the new expiry date on the decreased or remaining balance

Min: RM50.00
e. Amount decrease Commission RM50.00 flat
f. Amount increase and shorten expiry date Commission 0.1% of remaining balances of LC amount in RM equivalent per month or part there of from the old expiry date to new expiry date

Min: RM50.00
g. Remaining balance (as a result of partial negotiation and extension of expiry date Commission 0.1% of remaining balances of LC amount in RM equivalent per month or part thereof from the old expiry date to new expiry date

Min: RM50.00
h. Other amendment(s)   RM50.00 flat per request
4.   Discrepancy fee
Local LC Commission RM100.00 per transaction
Foreign LC Commission USD50.00 per transaction
5.   Foreign / Local LC
Issuance SWIFT MT700 RM60.00
Amendment SWIFT MT707 RM50.00
Other SWIFT (MT747 and etc) Malaysia (Local): RM25.00
Outside (Foreign) : RM50.00
6.   Additional: Issuance and
amendment
Local LC (by Mail) handling charges Issuance RM60.00
  Amendment RM50.00
7.   Negotiation of LC Expired Commission 0.1% of the negotiation amount in RM equivalent per month or part there of from the expiry date until the negotiation date (without grace period)

Min RM50.00
8.   Other types of LC
a. Back-to-Back LC Commission   0.1% of LC amount in RM equivalent per month or part thereof
  Issuance Min: RM200.00
  Amendment Min: RM150.00
(Deviation refer to LC amendment charges)
b. Revolving LC Commission   0.1% of LC amount in RM equivalent per month or part thereof
  Issuance Min: RM50.00
  Amendment Min: RM50.00
(Deviation refer to LC amendment charges)
9.   Endorsement of Bill of Lading / Airway Bill
a. Advance Set (Bill of Lading) Handling fee RM100.00 flat rate
  Stamp duty RM10.00 for Indemnity Letter
b. Airway Bill (AWB)   0.1% of Invoice value
  Handling fee Min: RM100.00
  Stamp duty Min: RM10.00 for Indemnity Letter
c. Endorsement of full set of documents   No charges impose
10.   Payment RENTAS RM2.00 per RENTAS application
  Interbank GIRO (IBG) RM0.10 per IBG application
11.   Others Fax / Photocopy RM1.00 for the 1st 5 copies, subsequent pages, RM0.10 per copy
up to max 100 copies
Other direct cost Out of pocket expenses Actual direct cost incurred
 
Offshore

Subject

Charges

Rate / Amount
1.   Sight LC Commission 0.1% of LC amount in USD equivalent per month or part thereof

Min USD50.00
2.   Usance LC Commission 0.1% of LC amount in USD equivalent per month or part thereof

Min USD50.00
In addition, the acceptance commission of 0.1% per month will be charged from the acceptance date till maturity date
3.   Amendment
a. Amount increased Commission 0.1% of the increased amount in USD equivalent per month or part thereof from the date of amendment until expiry date

Min
USD50.00
b. Extension of expiry date Commission 0.1% of LC amount in USD equivalent per month or part thereof from extension date until new expiry date

Min:
USD50.00
c. Amount increase and extension of expiry date Commission 0.1% of the outstanding LC amount plus increased amount (new amount) in
USD equivalent per month or part thereof from the extension date until new expiry date

Min:
USD50.00
d. Amount decrease and extension of expiry date Commission 0.1% of LC amount in USD equivalent per month or part thereof from the extension date to the new expiry date on the decreased or remaining balance

Min:
USD50.00
e. Amount decrease Commission USD50.00 flat
f. Amount increase and shorten expiry date Commission 0.1% of remaining balances of LC amount in USD equivalent per month or part there of from the old expiry date to new expiry date

Min:
USD50.00
g. Remaining balance (as a result of partial negotiation and extension of expiry date Commission 0.1% of remaining balances of LC amount in USD equivalent per month or part thereof from the old expiry date to new expiry date

Min:
USD50.00
h. Other amendment(s)   USD50.00 flat per request
4.   Discrepancy fee
Local LC Commission USD100.00 per transaction
Foreign LC Commission USD50.00 per transaction
5.   Foreign / Local LC
Issuance SWIFT MT700 USD60.00
Amendment SWIFT MT707 USD50.00
Other SWIFT (MT747 and etc) USD25.00
6.   Negotiation of LC Expired Commission 0.1% of the negotiation amount in USD equivalent per month or
part there of from the expiry date until the negotiation date (without grace
period)

Min: USD50.00
7.   Other types of LC
a. Back-to-Back LC Commission   0.1% of LC amount in USD equivalent per month or part thereof
  Issuance Min: USD200.00
  Amendment Min: USD150.00
(Deviation refer to LC amendment charges)
b. Revolving LC Commission   0.1% of LC amount in USD equivalent per month or part thereof
  Issuance Min: USD 50.00
  Amendment Min: USD 50.00
(Deviation refer to LC amendment charges)
8.   Endorsement of Bill of Lading / Airway Bill
a. Advance Set (Bill of Lading) Handling fee USD100.00 flat rate
b. Airway Bill (AWB)   0.1% of Invoice value
  Handling fee Min: USD100.00
c. Endorsement of full set of documents   No charges impose
9.   Others Fax / Photocopy USD1.00 for the 1st 5 copies, subsequent pages, USD0.10 per
copy up to max 100 copies
Other direct cost Out of pocket expenses Actual direct cost incurred
 
         

Import Documentary Credit : Inward Bill Under LC (IBLC-i)

 
Onshore

Subject

Charges

Rate / Amount
1.   Checking documents
Checking fee Discrepant documents No charges imposed
  Non-discrepant documents No charges imposed
2.   Payment SWIFT MT202 and etc Malaysia (Local): RM25.00
Outside (Foreign) : RM50.00
  RENTAS RM2.00 per RENTAS application
  Interbank GIRO RM0.10 per transaction
 
Offshore

Subject

Charges

Rate / Amount
1.   Checking documents
Checking fee Discrepant documents No charges imposed
  Non-discrepant documents No charges imposed
2.   Payment SWIFT USD25.00
 
         

Import Documentary Credit : Usance Bill Under LC (UBLC-i)

 
Onshore

Subject

Charges

Rate / Amount
1.   Checking documents
Checking fee Discrepant documents No charges imposed
  Non-discrepant documents No charges imposed
2.   Payment SWIFT MT202 and etc Malaysia (Local): RM25.00
Outside (Foreign) : RM50.00
  RENTAS RM2.00 per RENTAS application
  Interbank GIRO RM0.10 per transaction
 
Offshore

Subject

Charges

Rate / Amount
1.   Checking documents
Checking fee Discrepant documents No charges imposed
  Non-discrepant documents No charges imposed
2.   Payment SWIFT USD25.00